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fortune.com February 26, 2024

Polygon Veterans Raise $27M Seed Round For Blockchain-scaling Startup Avail | Fortune Crypto

The future for scaling blockchains will be rollup-centric, according to Avail. : Avail, a startup building an infrastructure layer that aims to streamline the rollup experience, today announced a $27 million seed round led by Founders Fund and Dragonfly. Cofounder Anurag Arjun told Fortune that although blockchain is not yet ready for mainstream usage the key to reaching that pathway will be rollups: “The rollup-centric future for scaling blockchains is already here.” Rollups are layer-2 blockchains designed to scale a network. By processing transactions away from the main blockchain, costs are reduced and a chain’s capacity avoids congestion-induced delays.
Read by 57% of LPs

seekingalpha.com 3hours ago

Bouygues Sa (bouyf) Q4 2023 Earnings Call Transcript

Well, good morning to one and all. That is our new corporate firm, highlighting our employees, their knowhow, which is our only real asset, and this is why we have put them front and center of stage. Now before beginning today's presentation, I'd just like to say a few words on this cover slide. This is swimming pool that will be completed for the diving competitions and artistic swimming competitions in this summer's Olympic Games. You can see the good integration into the environment with the use of solar panels and timber, which will considerably reduce our carbon footprint. Okay.
Read by 77% of LPs

seekingalpha.com 3hours ago

Lithium Junior Miners News For The Month Of February 2024

Welcome to the February 2024 edition of the "junior" lithium miner news. We have categorized those lithium miners that are not in production as the juniors. Note: Investors are reminded that many of the lithium juniors will most likely not be needed until the mid and late 2020s to supply the potentially booming electric vehicle [EV] and energy storage markets. This means investing in these companies requires a higher risk tolerance and a longer time frame. Asian Metal reported during the past 30 days, the China delivered lithium carbonate (99.5% min.)
Read by 35% of LPs

asia.nikkei.com 9hours ago

Ai Development Opportunities Extend Beyond Silicon Valley: U.s. Vc Exec - Nikkei Asia

PALO ALTO, California -- American venture capital firm Lux Capital recently led a $30 million investment round for Sakana AI, an artificial intelligence startup born in Tokyo and founded by former Google researchers. Such Japanese powerhouses as the NTT group, Sony Group and KDDI joined the round alongside Lux, which boasts more than $5 billion in assets under management. Brandon Reeves, a general partner, and Grace Isford, a partner, recently explained to Nikkei why they saw an opportunity in Japan.
Read by 73% of LPs

livemint.com 10hours ago

Shadowfax Raises $100M Series E Round Led By Tpg New Quest

Given that the company is already profitable, it will look for more inorganic opportunities, and plans to list on Indian bourses in the next 24 months.
Read by 42% of LPs

seekingalpha.com 11hours ago

Wall Street Breakfast Podcast: Baba Leads $1B Backing In Ai

Alibaba (BABA) leads record $1B funding round for China's Moonshot AI. (00:24) Broadcom (AVGO) halts $1B sale of Carbon Black business - report. (01:43) Wendy's (WEN) may test dynamic pricing in a first for the fast-food industry. (02:20) Alibaba (NYSE:BABA) is betting big on generative AI, as it led a $1B funding round in Chinese startup Moonshot AI, valuing the AI player at around $2.5B. This is an eight-fold increase compared to its initial financing round.
Read by 34% of LPs

finance.yahoo.com 12hours ago

Alibaba Leads Record Deal To Mint $2.5B China Ai Firm

(Bloomberg) -- Alibaba Group Holding Ltd. led the largest single financing round for a Chinese artificial intelligence startup, the latest in a string of sizable investments that suggest the e-commerce firm is again deploying capital in the hunt for growth. Alibaba joins Tencent Holdings Ltd. and Silicon Valley peers like Microsoft Corp. in placing big bets on generative AI, the technology that powers ChatGPT. It led a $1 billion funding round in Moonshot AI with existing backer Monolith Management, boosting the year-old firm’s valuation eight-fold to some $2.5 billion, people familiar with the deal said.
Read by 74% of LPs

straitstimes.com 13hours ago

Alibaba Leads Record Deal To Create $3.4B China Ai Firm | The Straits Times

February 27, 2024 3:16 PMAlibaba recently led a US$1 billion funding round in Moonshot AI. : HONG KONG – Alibaba Group Holding led the largest single financing round for a Chinese artificial intelligence (AI) start-up, the latest in a string of sizeable investments that suggest the e-commerce firm is again deploying capital in the hunt for growth. The e-commerce giant joins Tencent Holdings and Silicon Valley peers like Microsoft in placing big bets on generative AI, the technology that powers ChatGPT.
Read by 67% of LPs

businesstimes.com.sg 13hours ago

Alibaba Leads Record Deal To Create Us$2.5 Billion China Ai Firm, Global Enterprise - The Business Times

ALIBABA Group Holding led the largest single financing round for a Chinese artificial intelligence (AI) startup, the latest in a string of sizeable investments that suggest the e-commerce firm is again deploying capital in the hunt for growth.
Read by 33% of LPs

alleywatch.com February 26, 2024

The Alleywatch Startup Daily Funding Report: 2/26/2024 – Alleywatch

The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 2/26/2024 featuring funding details for Matter Neuroscience, Adrenaline, and much more.
Read by 71% of LPs

venturebeat.com February 26, 2024

Web3 Infrastructure Provider Avail Raises $27M Seed Round

Avail, a Web3 infrastructure layer designed to unify the blockchain ecosystem, announced a $27 million seed funding round. : Are you looking to showcase your brand in front of the gaming industry’s top leaders? Learn more about GamesBeat Summit sponsorship opportunities here. Avail, a Web3 infrastructure layer designed to unify the blockchain ecosystem, announced a $27 million seed funding round. Founders Fund and Dragonfly led the round. The company plans to use these funds to further develop its three core products — the Data Availability (DA) layer, the Nexus unification layer, and Fusion, an additive security layer.
Read by 43% of LPs